BEFORE TAX NPV-10 VALUES INCREASED 133 % FOR 1P AND 120 % FOR 2P RESERVES, 1P AND 2P RESERVE REPLACEMENT RATIO WAS 340 % AND 621 % RESPECTIVELYCalgary, Alberta (Newsfile Corp. - March 28, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") is pleased to announce the results of its 2023 year-end reserves evaluation by Boury Global Energy Consultants Ltd. ("BouryGEC") and an operations update. All reserves volume figures stated .
MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to announce that the Welchau-1 gas exploration well was spudded on the 24th of February using the RED Drilling & Services GmbH (RED) E200 drill rig in the ADX-AT-II exploration licence in Upper Austria.
This acquisition was driven by the opportunity to quickly start natural gas production by reopening three closed wells and using fifteen ready-to-drill si.
Arrow Exploration has announced the results of its 2022 year-end reserves evaluation by Boury Global Energy Consultants. Before Tax NPV-10 values increased 97% for 1P and 51% for 2P reserves, 1P and 2P reserve replacement ratio was 165% and 164% respectively.